Intel

A boat fire spread through a marina on the Mohawk River in Alplaus, New York, after a docked pontoon boat ignited, Authorities are still investigating the cause of the Aug. 13 blaze, which destroyed several boats at the Mohawk Valley marina and damaged other vessels, News10 reported. “It is certainly an unfortunate situation,” said Michael Dearness Associate Manager, Ocean Marine,…

Demand for office space is on the rise, possibly indicating that the bottom of the commercial office space market has passed, and a rebound is underway, Property Casualty 360 recently reported. Data from real estate tech platform VTS shows that demand for new commercial office space started rising in late 2022 and recently hit its 12th consecutive month of year-over-year…

Communities from Florida to the Northeast are recovering from the effects of Hurricane Debby, which brought flooding rain and multiple tornadoes from Florida to the Northeast. Earlier this year, forecasts predicted an above average, or even record-breaking number of storms in 2024, due in part to unusually high ocean temperatures and the effects of La Niña, NBC News reported. For…

Wildfire season in the U.S. and Canada has had an alarming start this year, with recent wildfires already burning over 1 million acres in Oregon, destroying up to half of the structures in the Canadian town of Jasper, and currently threatening a growing swath of Northern California as firefighters battle the Park Fire, which is the state\'s largest wildfire of…

The term “equilibrium” is increasingly being used within insurance circles to describe certain sectors moving toward a state of balance in terms of rates versus supply, terms and conditions. It suggests a growing opinion among industry leaders that Property and Casualty (P&C) is largely in a healthy place. This is true even after a decade-long period characterized by costly CAT…

Some businesses in Houston, Texas, were still struggling to get back up and running as of mid-July after Hurricane Beryl left many with prolonged power and internet outages, in addition to wind- and water-related property damage. Data from CoreLogic indicates that insured properties and businesses in Harris County could face between $210 million and $600 million in damages from the…

During this webinar, our own Denis Brady provided insights on the Large Account Brokerage Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/985185596/2f6e2ec4ec

Product contamination, misuse and recalls are among the risks associated with manufacturing and distribution operations. To learn about the insurance policies that can help companies protect themselves, we spoke with John Heaner, Associate Vice President, Regional Director, Commercial Insurance, Burns & Wilcox, Tampa, Florida. What are some of the greatest risks today in manufacturing and distribution? J.H.: The greatest risk…

During this webinar, our own Anella Niewenhous provided insights on the Personal Insurance Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/984331064/7beed588c8

During this webinar, our own Peter Kestenbaum provided insights on the Commercial Property Market leading into Q3 of 2024. Watch a highlight from the discussion below. https://vimeo.com/984326736/678308ac3f

During this webinar, our expert panel reviewed valuable insights into Q3 2024 and discussed the personal and commercial insurance markets, brokerage and contract binding, and other key topics. Watch now below. https://vimeo.com/982781651/ca925a19f8

Nuclear verdicts of $10 million or more are increasing, according to a new report from the U.S. Chamber of Commerce. Between 2013 and 2022, the average nuclear verdict was $89 million; half were between $10 million and $20 million, a third were between $20 million and $50 million, and 19% were considered \"mega\" nuclear verdicts at over $100 million, Insurance…